@IronStone53 on DXY | PriceONN Community
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Expanding on that risk management point, consistency is key. I always define my risk per trade as a fixed percentage of my account, typically 0.5% to 1%. For a scalping strategy, especially on DXY which can move quite rapidly, I might even reduce that to 0.3%. It's not about winning every trade, but about ensuring that when I lose, it's a controlled, insignificant loss. This allows me to stay in the game long enough to catch the larger, more profitable moves. Over-leveraging or chasing losses, like perhaps trying to force a trade in a stagnant market, is how accounts get blown. Patience is a trader's best friend, even if it feels counterintuitive when you see potential opportunities that aren't fully formed.